Richter Group’s Sales Amounted to HUF 63,451 Million in the three Months to March 2010

Richter Group’s sales amounted to HUF 63,451 million (EUR 236.4 million) in the three months leading to March 2010.

Richter Group’s sales amounted to HUF 63,451 million (EUR 236.4 million) in the three months leading to March 2010, a 3.4pct increase (14.4pct in EUR terms) when compared with same period of 2009. The Group’s positive performance in the CIS countries and in most of the EU member states was partly offset by the reported sales decline in the USA.
In Hungary, sales totalled HUF 8,722 million (EUR 32.5 million) in the first quarter of 2010, which represented a 2.1pct year-on-year sales increase compared to the level recorded in the same period of last year.
Profit from operations in the three months to March 2010 at HUF 10,530 million (EUR 39.2 million) was HUF 1,907 million (15.3pct) lower than in the same period in 2009.
Profit after taxation declined by 46.3pct in HUF and by 40.6pct in EUR terms during the reported period to a total of HUF 11,557 million (EUR 43.1 million) principally due to significantly lower levels of net financial income.
 

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